Superannuation is generally regulated (controlled) by the Superannuation Industry (Supervision) Act 1993 (the SIS Act). A regulated superannuation fund is a fund which has elected (applied) to be regulated under the SIS Act. In return for agreeing to comply with the requirements of the Act, the fund receives certain tax concessions. Most superannuation funds in Australia are regulated superannuation funds. See section 19 of the Superannuation Industry (Supervision) Act 1993
A fund in which the trustee is a constitutional corporation or a fund with the sole purpose of paying a pension and where the trustee of the fund has elected for the fund to be a regulated superannuation fund by notice to the Australian Prudential Regulation Authority (APRA).
A fund receives tax concessions if it is a Regulated Superannuation Fund under the SIS legislation and operates under those provisions.
superannuation fund which falls under the regulatory ambit of the SIS Legislation. A fund becomes a regulated superannuation fund when it elects to adopt a corporate trustee structure, or when its principal activity is the provision of age pensions to its members. Although not compulsory, the transition to a regulated fund is necessary to achieve complying fund status and to be eligible for concessional taxation treatment.
A superannuation fund which is regulated by SIS Legislation, usually with complying fund status and eligible for tax concessions. A fund becomes a regulated superannuation fund when it adopts a corporate trustee structure, or when its main activity is to provide age pensions to its members.